Hemaraj and Cienco 4 sign agreement to develop IPs in Nghe An. (Photo: truyenhinhnghean.vn)
Thailand-based Hemaraj Land and Development PLC (Hemaraj) plans to partner with a Vietnamese firm to develop two industrial parks (IPs) in the central province of Nghe An as more foreign firms are looking to the country, according to local media.
The Thai infrastructure developer and Hanoi-based Civil Engineering Construction Corp. No 4 (Cienco 4) will build two IPs namely WHA Hemaraj 1 and WHA Hemaraj 2 in the province’s Dong Nam Economic Zone, with a combined area of 3,200 hectares.
After a working session its provincial authorities Wednesday, Hemaraj will draw up a detailed plan on required capital and implementation schedule. The local government pledged the best conditions, particularly speedy site clearance, for the project.
Hemaraj will become the second offshore firm to invest in IPs in Nghe An, after Vietnam-Singapore Industrial Park Company (VSIP).
Thailand’s Amata is operating an IP in the southern province of Dong Nai and has unveiled ambitious plans to build other IPs in the country.
Hemaraj now owns eight IPs with a combined area of 7,000 hectares, home to 600 international companies operating in logistics, automobile and energy industries.